Foreign Buying Appetite Triggers Egypt’s Main Index 2.3% Up

Egypt’s stock market closed higher on Tuesday with gains totalling 7.5 billion Egyptian pounds bolstered by foreign buying appetite. As a result, the main stock index – EGX30 pushed up to exceed 7700 points.

Meanwhile, the Egyptian Exchange (EGX) indices were booming in green notes on Tuesday afternoon.

Indices

Egypt’s benchmark index EGX30 closed 2.32 per cent higher to 7704.5 pts; while EGX20 finished 2.40 per cent up to 9136.77 pts.     
On the contrary, the mid- and small-cap index, the EGX70 jumped by 3.01 per cent to end at 581.01 pts. The price index EGX100 inched up by 2.63 per cent to conclude at 1018.98 pts.  
Furthermore, the market capitalization recorded EGP 460.893 billion on Tuesday.

Turnovers below one Billion Pounds
Through the closing session of Tuesday, the trading volume has reached 215.047 million securities, with turnovers worth EGP 614.698 million, exchanged through 30.426 thousand transactions.              
Also during the closing session, 181 listed securities have been traded in; 14 declined, 150 advanced; while 17 keeping their previous levels.

Investors’ Activities

The non-Arab foreign and Arab investors were net buyers capturing 11.82% and 4.93% respectively of the total markets, with a net equity of EGP 35.189 million and EGP 8.610 million  respectively, excluding the deals.

On the other hand, Egyptian investors were net sellers seizing 83.25% of the total market, with a net equity of EGP 43.799 million, excluding the deals.